In the notice, CGEX warned its customers that all assets on user accounts should be withdrawn by the closing date, as further withdrawals will no longer be available after that time. Personal user data, including transaction details, will be destroyed accordingly with the end of service.

Temporary termination in the past

News of CGEX’s termination follows previous notices of temporary termination of trading and transaction services on the platform. On June 17, CGEX first announced that they would temporarily terminate trading and deposit services starting July 17 in order to “prepare for a new paradigm change in cryptocurrency exchanges” and launch a new trading platform. At the time, the exchange said that the new CGEX would be introduced in Q3 2019.